Semler Scientific Pushes Bitcoin Stack to Over 3,300 BTC With $10M Buy
Semler Scientific (SMLR) bought an additional 111 bitcoin (BTC) for an average purchase price of $90,124, using proceeds from at-the-market offering and cash on hand, it announced in a press release.
This brings the medical device maker’s total bitcoin holdings to 3,303 BTC, which were purchased at a total cost of $290.4 million.
Semler said its year-to-date bitcoin yield — the percentage change in the ratio of its bitcoin holdings to its full-diluted shares outstanding over a given period — was 23.5%, down from 152.2% in February.
Shares of the company are down 36.92% since the beginning of the year.
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